Water projects pushed as economy slows

The Chinese government is ready to green-light more water conservancy projects in the pipeline and speed up ongoing construction - major pro-growth investment policies to shore up economic expansion in 2015.

Public-private partnership financing as well as build-operate-transfer and transfer-operate-transfer financing, will be encouraged to introduce social capital in these projects.

Construction on 44 water conservancy projects is expected to start by the end of next year, totaling 252.8 billion yuan ($41.2 billion). Eighty-eight other water projects are to be researched and initiated by the end of 2020.